Seattle Venture Capital Firm FUSE Unveils $250M Fund II
1 minute read | September.28.2023
FUSE has launched a $250M sophomore fund to continue supporting startups in the Pacific Northwest. Orrick advised FUSE.
Client Results
Fisker Raises $150 Million in Growth Capital to Pursue Electric Vehicle Vision -- With an Additional $550 Million Available
1 minute read | September.29.2023
Electric vehicle startup Fisker has announced plans to offer $170 million in unsecured convertible notes to an institutional investor
Banneker Partners to Acquire HS GovTech Solutions Inc.
2 minute read | September.20.2023
Banneker Partners has entered into a definitive arrangement agreement to acquire HS GovTech Solutions Inc.
Generative AI Collaboration: Amazon to Invest up to $4 Billion in Anthropic
2 minute read | September.27.2023
Amazon plans to invest up to $4 billion in AI startup Anthropic. Orrick advised Anthropic.
AI and Machine Learning: Weights & Biases Raises $50 Million
2 minute read | August.30.2023
Weights & Biases, a machine learning operations platform for developers, has raised $50 million from investors. Orrick advised Weights & Biases.
Enabling Mass-Market Electrification For EVs, Energy Storage and Beyond: Battery Material Innovator Mitra Chem Completes $40 Million Initial Closing of its $60M Funding Round Led by GM
2 minute read | August.30.2023
Mitra Chem, an innovator in North American production of lithium-ion battery materials, has completed key part of a $60 million funding round.
A “Virtual Creature Experience”: Gaming Startup Windup Minds Attracts Initial Investments
2 minute read | August.15.2023
The gaming startup Windup Minds has closed a $1.6 million funding round to help develop a “virtual creature experience." Orrick advised Windup Minds.
Accion Venture Lab Co-Leads Funding Round for Colombian Startup Serving the Construction Industry
2 minute read | August.04.2023
Orrick advised Accion Venture Lab in $3.4 million funding round that will enable Licify to scale to Mexico.
Business Services for Spas and Salons: GlossGenius Secures $28M Investment
1 minute read | August.01.2023
GlossGenius, a platform helping spa and salon owners run their businesses, secured $28 million in a recent funding round. Orrick advised GlossGenius.
Insights
Founder Series: Leveraging AI for Business Growth in the UK
by Jamie Moore, Kristy Hart, Kelly Hagedorn, Alex Sobolev, Anna O'Kelly, Hanna Hewitt, Natasha Ahmed and Vincent Lim
9 minute read | September.28.2023
In the fifteenth installment of Orrick's Founder Series, we offer guidance on what founders should look out for when developing or using AI in the UK.
The False Claims Act in Cybersecurity Enforcement: Unsealed Complaint Signals Growing Use
by Franklin Monsour Jr., Kristina Arianina and Erica Johnson
3 minute read | September.27.2023
A recently unsealed False Claims Act qui tam complaint against Penn State is the latest in line with DOJ’s Civil Cyber-Fraud Initiative. The case is ...
AI in M&A: 10 Things to Consider in Acquisitions
by Julia Apostle, Alexis Marraud des Grottes and Zac Padgett
9 minute read | September.18.2023
Investing in AI, especially generative AI, sparks interest. EU nears AI regulation; lawsuits against providers may affect business strategies.
Intellectual Property Assignments from Software Developers: Key Provisions in France, Germany, the United Kingdom, and United States
by Natasha Ahmed, Julia Apostle, Jennifer Criss and Benedikt Migdal
11 minute read | September.13.2023
Securing global software IP rights is vital. Beware template agreements; IP varies by jurisdiction. Key provisions needed for France, Germany, UK, US
ICO Issues Draft Guidance On Biometric Personal Data
by Kelly Hagedorn and Colette Deamer
3 minute read | September.13.2023
The ICO has issued a draft guidance on using biometric data and technologies. This is essential for organizations using facial/fingerprint ...
7 Ways Fintechs Can Manage Risk as Increased Crypto Regulation Looms
by Edward Somers and Melina Montellanos
10 minute read | September.06.2023
More robust cryptocurrency regulation is likely. These tips help fintechs prepare.
Material Requirements of the GDPR regarding the Introduction and Operation of AI-Applications
by Dr. Daniel Ashkar
2 minute read | September.01.2023
Instructive overview of material GDPR requirements in relation to AI applications as well as related practical guidance (German language article)
Banking Agencies Issue Guidance on Managing Risks with Fintechs and Other Third Parties: How It May Affect Your Business
by Sasha Leonhardt, Ryan Pollard and Lauren Bomberger
4 minute read | August.25.2023
The guidance provides direction to banks that work with fintechs, service providers or other third parties.
The AI Litigation Landscape is Developing Fast Across Subject Areas
by Mark Davies
August.24.2023
Insight on Mark Davies Law360 article on AI litigation